Refer to the graph below.
Point A represents a price of:
A. 5 and a quantity of 3.
B. 3 and a quantity of 3.
C. 5 and a quantity of 5.
D. 3 and a quantity of 5.
Answer: D
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The "free rider" problem occurs when a good is
a. not available. b. not excludable. c. not depletable. d. not sold in free markets.
The invention of new mining methods will affect price through the supply side
a. True b. False Indicate whether the statement is true or false
Suppose the Move It! exercise chain has revenues of $45 million, accounting costs of $15 million, and currently has issued 10 million shares of stocks selling at $90 each. Compute the price-earning ratio. Show your work. Is this ratio relatively high or low? What might an increase in the price-earnings ratio indicate?
[Appendix material: calculus required] Given the benefit function B(Y) = 400Y ? 2Y2, the marginal benefit is:
A. 400 ? 2Y2. B. 800 ? 2Y. C. 400 ? 4Y. D. 200Y.